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Rexel Postpones Dividend Proposal And Suspends 2020 Guidance
Rexel Commits To Reducing Greenhouse Gas Emissions By 35% By 2030
Rexel FY Adjusted EBITA Up At EUR 685.1 Million
Rexel SA is a France-based company that is engaged in the distribution of electrical parts and supplies to professionals. The Group offers electrical products and solutions to professionals for buildings and for residential, industrial, and tertiary infrastructures, through its points of sale. The Company serves principally three markets: tertiary, industrial and residential. The Company's product range comprises electrical installation equipment, conversion systems and energy storage, conduits and cables, lighting, security and communication, climate control, hand and power tools, measuring instruments, protective equipment and white and brown products. Rexel SA operates through subsidiaries, including Rexel Developpement SAS, Rexel Central Europe Holding GmbH, Rexel Holdings USA Corp, Australian Regional Wholesalers Pty Ltd, Lenn International, Cordia SA and Brohl & Appell Inc, a Sandusky-based wholesaler and distributor of industrial automation devices, among others.
Paris Cedex 17
Ian K. Meakins
Non-Executive Independent Chairman of the Board
Chief Executive Officer, Member of the Executive Board, Director
Deputy Chairman of the Board, Senior Independent Director
Group Chief Financial Officer, Member of the Executive Committee
Group Human Resources Director, Member of the Executive Committee
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* WE ARE SUSPENDING 2020 GUIDANCE, WHICH IS NO LONGER RELEVANT IN CURRENT UNPRECEDENTED ENVIRONMENT; WE WILL COMMUNICATE UPDATED GUIDANCE WHEN VISIBILITY PERMITS
French electrical products and energy services company Rexel said on Tuesday that it had agreed to sell its Gexpro Services unit, a business with sales of around $260 million, to private investment company LKCM Headwater.
French electrical parts distributor Rexel <RXL.PA> is in the process of developing certain strategies to deal with challenges posed by Amazon <AMZN.O>, including changes to its portfolio of businesses, its chief executive told Reuters in an interview.
* Rexel announces sale of its operations in South East Asia to American Industrial Acquisition Corporation Group (AIAC), a private equity firm focusing on investment in the industrial sector.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.